CNBC had Peter Schiff and Marc Faber commenting on current rally in US Treasuries. The two agree on that the USTs are in a bubble. Here are a few comments by Faber:
In stead of joining the croud and buy USTs, Faber continues to be bullish on commodities, particularly farmland, agriculture and gold. Peter Schiff recommends people buy gold and foreign bonds and equitites.
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“I think that there isn’t much upside potential in Treasurys unless it’s for the short term. But if I look 10 years ahead, where do I want to have my money, then certainly not in USTs,”
“In 1999 and 2000, foreigners (bought) the Nasdaq and what happened afterwards was a major collapse. I would not look at foreign buying as a very intelligent leading indicator,”
“I'll rather buy an asset class, whatever it is, that has been in a bear market for 10 or 19 years”
In stead of joining the croud and buy USTs, Faber continues to be bullish on commodities, particularly farmland, agriculture and gold. Peter Schiff recommends people buy gold and foreign bonds and equitites.
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